The bank foreclosed on the 31-year-old tower previously owned by California-based real estate investment company Younan Properties. Younan purchased the property in 2007. It is valued on the tax rolls at $65.7 million.

CBRE is marketing the downtown Dallas skyscraper, according to real estate sources. Word on the street has it that John Alvarado is marketing the property, however Alvarado confirmed he was shopping the property around, but declined to comment further.

At the time of the foreclosure, Thanksgiving Tower was thought to be the last major downtown property that would land on the auction block for the foreseeable future.

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